India Skincare Dermacosmetics Market To Witness 10.2% CAGR during 2021-2030

Factors such as the rising prevalence of skin illnesses, growing older at an early age, increasing spending on appearance, shifting toward e-commerce, mounting number of dermacosmetics conferences, and surging disposable income of people are projected to propel the growth of the Indian skincare dermacosmetics market at a CAGR of 10.2% during the forecast period (2021-2030). According to P&S Intelligence, the market size is expected to reach $449.6 million by 2030 from $188.2 million in 2021. Moreover, the industry is witnessing a trend of an increasing number of product launches by market companies.

India Skincare Dermacosmetics Market Overview@ https://www.psmarketresearch.com/market-analysis/india-skincare-dermacosmetics-market

The brand segment of the Indian skincare dermacosmetics market is categorized into Skinshine, Dermadew, Cetaphil, Melaglow, The Derma Co., Lacto-Calamine, Venusia, Skinlite, Ahaglow, Dermafique, Aveeno, Neutrogena, Bioderma, Sebamed, and others. Among these, the Skinshine category leads the market in 2021. This is ascribed to the surging demand for Skinshine to prevent and treat moderate-to-severe melasma, decrease senile lentigines, lighten the skin tone, and minimize scars, blemishes, marks, and dark circles under the eyes. Moreover, its topical preparation comprises a mixture of three medicines, namely Tretinoin, Mometasone, and Hydroquinone, to treat skin disease efficiently.

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Geographically, the north region is projected to dominate the Indian skincare dermacosmetics market in the coming years. This can be due to the presence and availability of international brands in northern cities, such as Delhi-NCR and Chandigarh, of the nation. Also, these cities have huge populations that have consciousness about skin problems and international brands. Furthermore, the demand for natural, anti-pollution, organic, and anti-aging skincare products is increasing in all tier-1 and tier-2 cities of the region, to improve physical well-being.

Thus, the rising incidence of skin illnesses and the surging spending on appearance are expected to propel the market growth during the forecast period.

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